Needham Raises RingCentral (RNG) Price Target to $110

By TradeTexts Research Desk Oct 23, 2026, 8:15 AM EDT

Key Points

Needham reiterated its Buy rating on RingCentral, Inc. on October 23, 2026, and lifted its price target to $110.00 from $85.00.
Needham's $110 price target implies 38.50% upside from RingCentral, Inc.'s ($RNG) current $79.42 share price.
RingCentral recently traded at $79.42, sitting well above its 200-day moving average of $47.65.
Four insiders sold shares during September and October 2026, including CEO Vladimir G Shmunis.

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Needham reaffirmed its Buy rating on RingCentral, Inc. (NYSE:RNG) on October 23, 2026, while pushing its price target higher from $85.00 to $110.00. The updated target stands well above the broader Wall Street consensus and reflects growing confidence in the cloud communications firm.

RNG RingCentral, Inc.

$79.42 +189.43% year to date

Daily close · Oct 22, 2026

Analyst rating track record

Needham vs. the S&P 500

YTD return -4.01% hypothetical

All-time return -4.01% S&P 500 +1.58%

vs. S&P 500 -5.59% behind the index

Hypothetical returns from Needham's disclosed trades, not real profit or advice. How we model this.

Needham's Call on RingCentral

In its October 23, 2026 research note, Needham maintained a Buy rating on RingCentral while raising its price target to $110.00 from its previous target of $85.00. The firm's forward-looking outlook underscores optimism around the software provider's integrated platform services.

Other Institutional Activity in RingCentral

Large institutional investors have adjusted their holdings in RingCentral significantly over recent quarters. Ameriprise Financial, Inc. trimmed its position by 485,443 shares, ending with 5,120,134 shares valued at about $406,641,032. LSV Asset Management grew its stake by 724,628 shares, or 22.3%, to hold 3,977,000 shares worth roughly $315,853,332. First Trust Advisors LP expanded its holdings by 766,867 shares, a 48.6% increase, finishing with 2,346,082 shares valued at about $186,325,828. Quantinno Capital Management, LP added 261,370 shares, growing its stake 13.2% to 2,238,449 shares worth roughly $177,777,615. Alyeska Investment Group, L.p. lifted its position by 590,280 shares, a 40.5% jump, ending with 2,048,841 shares valued at about $162,718,948.

RingCentral, Inc. Stock Down 3.6%

RingCentral recently traded around $79.42 as of October 23, 2026, virtually unchanged from its previous close of $79.42 on October 22, 2026. The stock trades above both its 50-day moving average of $73.54 and its 200-day moving average of $47.65. The company carries a market capitalization of roughly $6.63 billion and a price-to-earnings ratio of 63.54.

12-month forecast

$RNG price target

RingCentral, Inc. daily closes and this analyst's $110 target. Not advice.

Recent Earnings

For its trailing twelve-month period, RingCentral reported $2,583,898,112 in revenue and earnings of $1.25 per share. The company posted a year-over-year revenue growth rate of 5.9% alongside a net profit margin of 4.3%. The next earnings report is scheduled for release on February 18, 2027.

Dividend

RingCentral pays an annual dividend of $0.28 per share, which translates to a dividend yield of 0.35%. The payout ratio sits at 12.0%.

Insider Buying and Selling at RingCentral, Inc.

Company insiders completed several stock sales ahead of the analyst update. Chief Executive Officer Vladimir G Shmunis sold 26,721 shares on September 3, 2026, valued at $1,971,672. Officer Tarun Arora disposed of 4,172 shares on September 9, 2026, worth $293,550. President Kira Makagon sold 36,185 shares on September 14, 2026, at an average price of $70.11 for a total of $2,536,930. Director Amy Guggenheim Shenkan parted with 1,264 shares on October 2, 2026, at $78.88 per share, totaling $99,711.

Analysts Set New Price Targets

Wall Street firms have actively updated their views on RingCentral. Needham maintained its Buy rating on August 28, 2026, with a target of $85.00, raised from $55.00. Oppenheimer maintained an Outperform rating on September 1, 2026, lifting its target to $85.00 from $50.00. RBC Capital initiated coverage on September 3, 2026, with an Outperform rating and an $85.00 price target. Morgan Stanley maintained an Equal-Weight rating on October 23, 2026, and moved its target to $91.00 from $41.00. Across the broader analyst community, the stock holds a consensus buy rating with a mean price target of $76.79 based on 14 opinions.

About RingCentral

Headquartered in Belmont, California, RingCentral provides cloud-based business communication services powered by voice AI technologies. Its platform bundles business phone calls, SMS messaging, contact center tools, video collaboration, and workforce engagement features for enterprise clients.

Bottom Line

Needham's bullish stance pushes its price target notably higher than the current average analyst estimate. Investors will monitor upcoming earnings results on February 18, 2027, to see if the company's financial growth aligns with these elevated Wall Street expectations.